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| Friday, June 30, 2006 |
| Generation Debt |
CBS Evening News has been running a series of stories focused on personal finance. Now posted on the website it the story: Generation Debt which reminds us that student loan rates go up on Saturday July 1. On July 1, rates for existing loans for undergrad students jump from 4.75 percent to 6.54 percent, and for graduate students from 5.3 percent to 7.14 percent. New loans will be fixed at 6.8 percent. The story profiles a young couple with a heavy debt burden - Jason DeBonis and Katrina Lust can use any breaks they can find. The two medical students are young and in love. They plan to marry in May. Their wedding gift to each other: a combined total of nearly $500,000 in student loans. |
| posted by Boston Gal @ 9:17 AM *
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Of course, depending on the specialization they choose, those loans could be paid off in a matter of years.
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Of course, depending on the specialization they choose, those loans could be paid off in a matter of years.